KINGSPORT, Tennessee (WJHL) – The Kingsport Economic Development Board has selected Eden’s Investments to build a new residential community in Brickyard Park.
The Board of Directors selected Edens Investments on November 2, 2021 to bring the city’s vision to life for a new 39-acre residential community located near downtown Kingsport.
A statement from the City of Kingsport says Edens was chosen after the proposal they sent out exceeded the standards set by the City and the requirements of the proposal. The proposal contains community-oriented amenities and programs and uses an eco-friendly design.
The plan proposed by Edens is capable of supporting 350 homes that will be available for rent or purchase, nearly three times the number of homes initially planned for the site.
“Edens Investments’ proposal includes not only everything we needed for residential development, but everything we dreamed of this site to be,” said Craig Denison, Chairman of the Kingsport Economic Development Board. “I applaud the imagination and ingenuity that has been behind this plan and I believe the Kingsport Economic Development Board will see the same potential. “
Inside the plan is a community pool, basketball court, clubhouse, walking trails, several pocket parks, dog parks, as well as a community garden and greenhouse with holding ponds. oversized with water features.
Residents who will be living in the proposed community will have convenient access to downtown shops, restaurants and bars.
In addition, there will be spaces for tutoring and adult education programs.
The statement also adds that the proposed development will use solar power.
Also according to the press release, there will be a road network that will link Martin Luther King Jr. Drive to Cherokee Street and Brickyard Park Drive.
“Its amenities and economic opportunities will improve the lives of residents of the area and of the greater Kingsport. I am excited about the Kingsport Economic Development Board decision and the start of construction, ”said Town of Kingsport Economic Development Manager John Rose.
When all residential buildings are completed, the development is expected to provide the city with a property tax benefit of around $ 1 million. The statement said construction of all residential buildings is expected to take approximately six years.
The next steps outlined by the city press release are the confirmation of the site plans, the negotiation of the contracts and the purchase of the property by the developer.
Edens Investments is expected to start the project in early spring 2022.